How much did DZS raise?

DZS raised $29.7 Million in a Funding Round round on September 13, 2023.

Where is DZS based and how big is it?

DZS is based in Plano, Texas, United States. Fundz records about 563 employees.

Who are the decision-makers at DZS?

Fundz holds 2 contacts at DZS, including the Sales Director - FWA. Names and contact details are shown to Fundz members.

Dzs Secures $29.7 Million In Financing

PRIVATESep 13, 2023

Amount Raised

$29.7 Million

Round Type

Funding Round

PlanoOtherHardwareWireless

Description

DZS (Nasdaq: DZSI), a global leader of access, optical and AI-driven cloud software solutions, today announced it has secured $29.7 million in loans, including a $24.5 million 3-year term loan with 29% shareholder DASAN Networks, Inc. (DNI). The 3-year $24.5 million term loan with an annual interest rate of 8% complements approximately $5.2 million of short-term loans with South Korean bank financial partners. The cash will be used to pay off DZS’ existing term debt facility and line of credit.

Quick answer

DZS raised $29.7 Million in a Funding Round round, dated September 13, 2023. DZS is based in Plano, Texas, United States.

How much did DZS raise?: DZS raised $29.7 Million in a Funding Round round on September 13, 2023.
What does DZS do?: DZS Inc. (NSDQ: DZSI) is a global leader in access networking and cloud software platforms.
Where is DZS based and how big is it?: DZS is based in Plano, Texas, United States. Fundz records about 563 employees.
Who are the decision-makers at DZS?: Fundz holds 2 contacts at DZS, including the Sales Director - FWA. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Wireless around the same time

Companies in the same sectors as DZS that raised within 45 days of this round, from Fundz verified event records.

goTenna, Inc. raised an undisclosed amount (Funding Round) on October 6, 2023.
Wytec International raised $100M on October 4, 2023.
PIVOTAL COMMWARE, INC. raised $102M (Series D) on August 17, 2023.
Guerrilla RF raised $1.5M (Seed) on August 14, 2023.
Ondas raised $3.5M (Seed) on August 11, 2023.
Scitara Corp raised $8.5M on October 23, 2023.

Who to call at DZS, and when

A new round usually means DZS is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

DZS

Location

Plano, Texas, United States

About

DZS Inc. (NSDQ: DZSI) is a global leader in access networking and cloud software platforms. DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change. This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s SEC filings available at www.sec.gov, including without limitation, the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason. For further information see: www.DZSi.com.DZS on Twitter: https://twitter.com/dzs_innovationDZS on LinkedIn: https://www.linkedin.com/company/DZSi/

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2 contacts

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DZS raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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